FY2012 New Mexico

MBDA Facilitates Capital for Mountain Air Helicopters

Mountain Air Helicopters has been a client of the Albuquerque MBDA Business Center for 10 years. In FY 2012, they helped restructure Mountain Air's accounting methods to accurately reflect the company's net worth and net operating income. This enabled the owner, Dwight Jones, to secure a $4.1 million loan for the purchase of two new helicopters, and add two pilots and one mechanic to his crew.

Dwight Jones' love of flight and entrepreneurial spirit drove him to start Albuquerque-based Mountain Air Helicopters. Like most minority-owned businesses, getting off the ground was difficult due to repeated denials for business loans.

"The Albuquerque MBDA Business Center has been a key factor contributing to our growth and success. When we first came to the MBDA for help we operated with one leased helicopter because we could not raise enough capital to purchase one. We now own ten!" said Dwight Jones, President, Mountain Air Helicopters.